Market Overview

Sabine Royalty Trust Announces Monthly Cash Distribution For July

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DALLAS, July 2, 2015 /PRNewswire/ -- Southwest Bank, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.18255 per unit, payable on July 29, 2015, to unit holders of record on July 15, 2015.  Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website at http://www.sbr-sabine.com/.

This distribution reflects primarily the oil production for April 2015 and the gas production for March 2015.  Preliminary production volumes are approximately 37,257 barrels of oil and 358,647 Mcf of gas.  Preliminary prices are approximately $53.72 per barrel of oil and $3.49 per Mcf of gas.

The table below compares this month's production and prices to the previous month's:



Net to Trust Sales





Volumes


Average Price



Oil
(bbls)


Gas
(Mcf)


Oil

(per bbl)


Gas

(per Mcf)










Current Month


37,257


358,647


$53.72


$3.49










Prior Month


44,371


614,713


$49.81


$2.85










Revenues are only posted and distributed when they are received.  Most energy companies normally issue payment of royalties on or about the 25th of every month, and depending on mail delivery, a varying amount of royalties are not received until after the revenue posting on the last business day of the month.  The revenues received after that date will be posted within 30 days of receipt.

Due to the timing of the end of the month of June, approximately $981,000 of revenue received will be posted in the following month of July in addition to normal receipts during July. Since the close of business in June and prior to this press release, approximately $943,000 revenue has been received.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sabine-royalty-trust-announces-monthly-cash-distribution-for-july-300108269.html

SOURCE Sabine Royalty Trust

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